ALR makes conditional offers for Litrak, SPRINT, Kesas and SMART

KUALA LUMPUR: The trading of Lingkaran Trans Kota Holdings Bhd (LITRAK) and Gamuda Bhd securities has been suspended after the two companies received conditional letters of offer from Amanat Lebuhraya Rakyat Bhd (ALR), with ALR offering to acquire all the securities of four highway concession companies - KESAS, SPRINT, LITRAK, and SMART.

"ALR conditionally offers to purchase all the securities of LITRAK based on an enterprise value of RM2.12 billion as at Dec 31, 2021 and ALR conditionally offers to purchase all the securities of SPRINT (Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd) based on an evaluation value of RM1.81 billion,” LITRAK said in a stock exchange filing.